"I Can’t Sit & Watch Buhari Squander Our Children’s Future With His $29.6B Loan Request" -Atiku

Date: 18-12-2019 12:13 pm (4 years ago) | Author: CLARA JANCITA
- at 18-12-2019 12:13 PM (4 years ago)
(f)


Ex Vice President Atiku Abubakar has criticized President Buhari’s $29.6 billion loan request which he described as irresponsible.

The Presidential candidate of the People’s Democratic Party (PDP) in the 2019 general elections alleged that Buhari was trying to ruin the future of Nigerians with the loan request which Senate President Ahmad Lawan said will be approved despite its rejection in the 8th senate.
The former vice president said he cannot sit and watch the government of President Muhammadu Buhari “ruin the future of Nigerians” with his $29.6 billion loan request.

Buhari had asked the senate to approve the loan, saying oil earnings are no longer enough to meet the financial needs of the country.
 
Atiku went futher to say that he and former President Olusegun Obasanjo worked to clear Nigeria’s foreign debt after the return of democracy in 1999 and he would not allow any government to “plunge Nigeria into another debt”.

He said the problem of Nigeria is not the lack of money but the inability of Nigerians to make the right leadership decisions.
Quote
“The fact that Nigeria currently budgets more money for debt servicing (₦2.7 trillion), than we do on capital expenditure (₦2.4 trillion) is already an indicator that we have borrowed more money than we can afford to borrow. And the thing is that debt servicing is not debt repayment. Debt servicing just means that we are paying the barest minimum allowable by our creditors,”
the article read. “And while spending 50% of our current revenue on debt servicing, this administration wants to take further loans of $29.6 billion! To say that this is irresponsible is itself an understatement.

Posted: at 18-12-2019 12:13 PM (4 years ago) | Hero
- Osahenogae1 at 18-12-2019 03:26 PM (4 years ago)
(m)
MUMU BUHARI IS OBVIOUSLY A NONENTITY NA!!!
Posted: at 18-12-2019 03:26 PM (4 years ago) | Gistmaniac
Reply
- DMG17 at 18-12-2019 04:40 PM (4 years ago)
(m)
And you are a saint, you never squandered, you never stole, you never looted, you were never corrupt during your time as a vice president? You are no different than Buhari.
Posted: at 18-12-2019 04:40 PM (4 years ago) | Gistmaniac
Reply
- scottchris at 19-12-2019 10:08 AM (4 years ago)
(m)
Like u would do better...all of una na thesame thing....so uncle shift
Posted: at 19-12-2019 10:08 AM (4 years ago) | Gistmaniac
Reply
ReplyFollow
Login To Post Reply

Latest Updates

VIDEO: Lady Laments Over Small Portion Of Porridge Sold At N5,500 By Chef Hilda Baci

Focus On Fall Of Naira, Insecurity – Charly Boy Drags Onanuga For Tagging Peter Obi As ‘Bitter’

Singer, Harrysong Raises Speculations After Sharing Cryptic Post

Odumodublvck Praises Olamide For His Generosity, Reveals How He Gift Him $20K & A Private Jet Flight

40Yr Old Man, Abiola Arrested For Allegedly Defiling Minor Inside Mosque's Restroom In Ondo

Actress, Etinosa Finally Reveals BBN Pere As Debtor Who Refuses To Refund Her Money, Slams Him

Charly Boy Questions Pres. Tinubu’s Unannounced London Visit, Demands Transparency

Many Arrested As Gov. Peter Mbah Launches Onslaught Against Insecurity In The State

Edo Assembly Speaker Suspends 3 Lawmakers Over Alleged Impeachment Plot

More Featured Topics

fire TRENDING GISTS fire

TODAY'S TOP

  1. Igbo Billionaire, Arthur Eze Says Tinubu Will Change Nigeria After Eight Years In Office

  2. Kwankwaso, 13 Others Dragged To EFCC By NNPP Over Alleged Fraud

  3. PSG v Borussia Dortmund: UEFA Champions League S/Final Match,Team News,Goal Scorers And Stats

  4. Late Buhari Oloto's Wife, Alhaja Alimotu Sadia Oloto a.k.a IYA OYO Is Dead

  5. Actress, Etinosa Finally Reveals BBN Pere As Debtor Who Refuses To Refund Her Money, Slams Him

  6. 40Yr Old Man, Abiola Arrested For Allegedly Defiling Minor Inside Mosque's Restroom In Ondo

  7. Edo Assembly Speaker Suspends 3 Lawmakers Over Alleged Impeachment Plot

  8. Nigeria Would’ve Been Better If Yar’Adua Completed His Tenure Says Yakubu Gowon

  9. Heavy Rainstorm Injures Three, Destroy 200 Houses In Plateau

  10. Many Arrested As Gov. Peter Mbah Launches Onslaught Against Insecurity In The State

  11. Charly Boy Questions Pres. Tinubu’s Unannounced London Visit, Demands Transparency

  12. Odumodublvck Praises Olamide For His Generosity, Reveals How He Gift Him $20K & A Private Jet

  13. Singer, Harrysong Raises Speculations After Sharing Cryptic Post

THIS WEEK

  1. Moment Canadian Mayor Praises Tinubu For Work Done in Lagos While Honouring Peter Obi at Event

  2. Following CBN Directive, OPay, Palmpay, Others Clamps Down On Crypto

  3. Onanuga Shares A Post Alleging Peter Obi Demarkets Nigeria, Calls Him ‘Bitter Obi'

  4. Yvonne Jegede Reveals The Truth About Colleague, Mercy Johnson, While Calling Her Out (Video)

  5. Father-in-Law Of Wofai Fada, Engineer Kunle Cole Gives Reasons For Son’s Wedding Rejection

  6. Soldier, Abdullahi Ismail Dismissed From The Nigerian Army For Sleeping With Colleague’s Wife

  7. Primate Ayodele Issues Warning To Tinubu, Predicts Northern Opposition To Presidential Ambition

  8. Houseboy - Angela Okorie Fires Back At Mercy Johnson's Husband After His Post on 'Mad People'

  9. Actors In Nollywood Films Used To Be Cast Based On Social Media Followers – Uzor Arukwe

  10. Ipswich Town Promoted to The Premier League After 22 Years

TOP MEMBERS:
  • gogoman 330
  • fineboy77 183
  • felicilin 164
  • Lade200 105
  • bohlah 96
Read More

Featured Topics

. VIDEO: Lady Laments Over Small Portion Of Porridge Sold At N5,500 By Chef Hilda Baci

. Focus On Fall Of Naira, Insecurity – Charly Boy Drags Onanuga For Tagging Peter Obi As ‘Bitter’

. Singer, Harrysong Raises Speculations After Sharing Cryptic Post

. Odumodublvck Praises Olamide For His Generosity, Reveals How He Gift Him $20K & A Private Jet Flight

. 40Yr Old Man, Abiola Arrested For Allegedly Defiling Minor Inside Mosque's Restroom In Ondo

. Actress, Etinosa Finally Reveals BBN Pere As Debtor Who Refuses To Refund Her Money, Slams Him

. Charly Boy Questions Pres. Tinubu’s Unannounced London Visit, Demands Transparency

. Many Arrested As Gov. Peter Mbah Launches Onslaught Against Insecurity In The State

. Edo Assembly Speaker Suspends 3 Lawmakers Over Alleged Impeachment Plot

. Nigeria Would’ve Been Better If Yar’Adua Completed His Tenure Says Yakubu Gowon

. Heavy Rainstorm Injures Three, Destroy 200 Houses In Plateau

. Late Buhari Oloto's Wife, Alhaja Alimotu Sadia Oloto a.k.a IYA OYO Is Dead

. Kwankwaso, 13 Others Dragged To EFCC By NNPP Over Alleged Fraud

. Igbo Billionaire, Arthur Eze Says Tinubu Will Change Nigeria After Eight Years In Office

. PSG v Borussia Dortmund: UEFA Champions League S/Final Match,Team News,Goal Scorers And Stats

. Gunmen Kill One, Abduct Seven Along Sagamu-Ijebu-Ode Expressway

. Toyin Lawani Writes Open Letter To Asake Over New Hairstyle

. Actress, Etinosa Idemudia Calls Out BBNaija Star Over Unpaid Debt, Name Still Withheld

. VIDEO: Skitmaker, Erekere Shows Off His Newly Acquired Benz GLE

. BREAKING: Vice President Shettima Cancels Summit Trip To US Over Faulty Aircraft

. Ekiti Court Sentences 3 Persons To Death By Hanging For Robbery

. ‘I Appreciate Wike But I Can’t Worship Him’ – Rivers Gov, Fubara Opens Up

. Nigerian Govt Cuts Electricity Supplies To Benin Republic, Togo, Niger To Boost Domestic Supply

. How British Charity Employed Nigerian Man, Peter Omoruyi Convicted For Sex Trafficking In France

. Suspected Ritualists Kidnap 4 Month Old Boy In Akwa Ibom

. 'You Can Be Poor And Still Be Happier Than The So Called Rich' - World Bank Staff Says

. Watch Moment Students Arrive For Prom In Helicopter And Expensive Cars

. Suspected One-Chance Armed Robber Arrested With Pistol In Suleja

. "Political Interests Frustrating Amendment Of The Constitution" – Shehu Sani

. VID; James Brown Accuses Sister Of Disloyalty For Allegedly Backing Neighbor Who Assaulted Him

More Featured Topics